China hates possible competition to their own CBDC that is why it took solid actions against cryptocurrencies of all types and sorts in China including mining of course as it is really an insult to ban Bitcoin yet allow its mining...they can always find reasons for the ban but the truth is so clear and open to see. anyway, this is actually good news as we can never have the China FUDs anymore. Cryptocurrency can live and prosper without China. We don't need China.